The Company said that the former duties of the Chief Operating Officer have been reorganized among the Company's Vice President -- Eastern Hemisphere Operations, Vice President -- Western Hemisphere Operations and Vice President -- Engineering and Technical Support, all of whom will report directly to Louis A. Raspino, President and Chief Executive Officer.
Raspino commented, "We appreciate Johnny's contributions over his thirteen year career with Pride, and we wish him well in his future endeavors. We have no plans to replace the Chief Operating Officer position. The announced change in operating management structure reflects the Company's internal depth of operating leadership and the continuing transformation of the Company."
Pride International, Inc., headquartered in Houston, Texas, is one of the world's largest drilling contractors. The Company provides onshore and offshore drilling and related services in more than 25 countries, operating a diverse fleet of 279 rigs, including two ultra-deepwater drillships, 12 semisubmersible rigs, 28 jackup rigs, and 18 tender-assisted, barge and platform rigs, as well as 219 land rigs.
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